- State Roundup: State could see up to $500 million in unexpected revenue for current FY
- Tax revenues up, Rauner to restore $26 million ‘Good Friday’ cuts
- First Friday Lineup: May 1
- State Roundup: Former governor Walker passes away
- Mayors decry local funding cut proposal, say expect cuts to services
- Senate rejects bill to ban smoking in cars with children present
- Mayors warn of critical cuts if funds are reduced
- Rebuilding Rockford
- ComEd and river goers at same level?
- State Roundup: Governor visits IDOT listening tour, told he’s wrong on Turnaround
Obama just wants to raise taxes
It couldn’t be just a coincidence that the Social Security tax on probably all our workers was reduced quite a bit before the 2012 presidential election, but allowed back to where it was, after Obama was elected for a second term. This could have been quite a factor in his re-election, especially considering this affected even the 47 percent that pay no federal income tax.
There’s only one reason, political, that this tax was ever decreased, since this fund is so depleted as it is. But it gets votes, and that’s what Obama is primarily after, not its effect on our economy.
Another example of Obama caring more about his political aspirations (like a Democrat control of the House) than the country’s welfare is his desire to tax the rich even more. Most voters, perhaps in a negative jealous feeling, want the rich taxed more even if this does hurt the economic recpvery we so desperately need.
And does Obama really believe that closing loopholes is not a tax increase, or does he think we’re that stupid to take this in?
Michael A. Smith
From the March 20-26, 2013, issue